As the unemployment rate continues to decrease (5.3 percent in June), employers report finding it more difficult to recruit high-quality workers to hire.
Small businesses are particularly challenged by this trend, since they don't have the same resources as larger businesses do in terms of recruiting departments, the ability to offer wages and benefits packages that are attractive enough, and/or training programs to bring unskilled or under-skilled applicants up to required qualifications.
"Many smaller enterprises simply don't have the resources they need to find the best, most qualified candidates," said Holly Wade, director of research and policy analysis at the National Federation of Independent Business (NFIB). "In these businesses, there are generally no human resources departments that can dedicate themselves to hunting out candidates."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
